0 Cavendish Way (HATTERAS), Lewes, De 19958 | $394,900

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Today's Incentive: Save $20k of the base price and $5K towards closing! Base price includes lot cost. Premiums may apply. An amenity-rich resort lifestyle for minimal cost. The gated community of Coastal Club is Lewes' first community filled with fu

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Lewes Readers find Real Estate Opinions Unanimous Almost Real

Lewes’s real estate picture usually differs little from that of the nation as a whole. The latest rumblings from the mass media and web continue to bolster the picture of rising values and quickening activity—a sweet story with nary a sour note. In fact the unanimity of voices from almost every corner of the country is a story in itself. There was just one exception.

Some samplings Lewes readers would have found in the past week’s real estate news and opinion—

From the Associated Press, we learned that “prices are soaring” in some cities, and that they rose in all 20 cities polled. The pace of existing home sales rose to the “fastest pace since February 2007.”—roughly what might be expected in a healthy housing market. The AP attributed at least some of the reason for the real estate price rises to widespread predictions that the Federal Reserve may start raising short-term interests rates sooner rather than later.

From Dan Green’s Mortgage Reports, the home value increase was illustrated in a multi-colored chart, which showed sample cities’ rises at anywhere from 1%-11%—with most clumped between the 4%-6% lines. Freddie Mac was quoted as pegging the average 30-year mortgage rate at below 4%, with VA and FHA mortgage rates even lower. Their opinion was straightforward: “It’s an inexpensive time to finance a home.” Since historically “mortgage rates average nearer to 8:25%,” that opinion is hardly a stretch!

Headlines from CoreLogic’s latest Home Price Index Report were “Home Prices Rose by 6.5% Year Over in June 2015” and “HPI Forecast Projects 4.5%” rise for the coming 12 months. CoreLogic’s nationwide real estate numbers are among the most reliable—whereas some of the government numbers sometimes have to admit regular later revisions, it’s not usually the case for them.

Surprisingly, town observers would have had to go to the National Association of Realtors® site to find what at first sounded like the only sour note to be heard—yet it, too, had a sweet finish. “Pending Home Sales Dip in June” headed the last week’s news release. You had to read the fine print to learn that the pending sales were 8.2% higher than a year before, and that although they dipped slightly from May’s number, they were still the third highest reading in 2015…and marked the tenth consecutive monthly year-over-year increase!

Strengthening real estate prices have continued to bolster a solid summer selling season. If you are interested in exploring the Lewes market as a prospective buyer (or as a seller), the climate continues to be inviting. Good reason to give me a Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Sussex CountyHome Décor: How ‘Decade Sensitive’ are You?

First of all, a Spoiler Alert: It’s not fair to peek down where the answers are! Now that we’re clear on that, this is a quiz that will tell you how "Decade Sensitive" you are when it comes to Sussex County home décor. It took a little browsing around to put this together, but it sure was fun.

The idea is to match the décor item with the decade it is most closely associated with. Ready? GO!

A. Popcorn Ceilings

B. McMansions

C. Sherwood Green & Stratford Yellow

D. Stainless Steel Appliances

E. Shag Carpets

F. Sustainable Materials

G. Kitchen Islands

The 50s

The 60s

The 70s

The 80s

The 90s

The 2000s

NOW

—

Now that you’ve matched the items with the decade, you’ve probably noticed that there is a lot of ambiguity here, because Sussex County home décor themes didn’t just go in and out of style at the beginnings and ends of decades. The answers are combed from a variety of sources, but here is what the consensus (sort of) agrees on:

THE ANSWERS

The 50s: Answer-C. Sherwood Green and Stratford Yellow were first popularized for kitchen appliances during the postwar era. The 50s can be forgiven for these unnatural apparitions, which might have had something to do with the advent of vinyl flooring in the kitchen …

The 60s: Answer-A. Popcorn Ceilings – Thank you, The 60s, for giving us this innovation. They were popularized for conveying a "textured" look, adding insulation, and cutting down sound. We’ve been scraping them off ever since…

The 70s: Answer-E. Shag Carpets (of course!). Sometimes associated with the 60s, but unmistakably reaching peak popularity in the 70s, a "period when wall-to-wall carpeting was fairly new." Its fluffy look and feel remained popular until The 90s, when it is said to have "faded into oblivion." Hardly—it’s still causing vacuum cleaner jams in Sussex County homes with cool "vintage" décor.

The 80s: Answer-B. McMansions, aka "garage Mahal," "starter castle," and "Hummer home." They may have been around since The 70s, but the term first appeared in the Los Angeles Times in 1990. Even the wisecracking nickname couldn’t curb the irresistible advantages of the mass-produced luxury home. Unexpectedly, some of them turn out to have been quite well-built.

The 90s: Answer-G. Kitchen Islands. If you placed these in The 80s, you’ve got a good argument, because that’s the era when modern kitchen design really took off. In The 90s, though, the ‘island’ first took its place in the majority of new kitchens spacious enough to make it practical. They are still everywhere, so you’re forgiven if you put them in The 2000s or Now.

The 2000s: Answer-F. Sustainable Materials. Even defining "sustainability" can get you into an argument (it could be salvaged wood countertops; might be granite), but the Green movement that took off in The 60s began to get serious government support in the New Millennium.

NOW: Answer-D. Stainless Steel Appliances. You can’t get away from them: today’s prospective Sussex County home shopper is finding glistening stainless steel refrigerator and oven doors in kitchens all over the place. This finish may have been around for more than a decade, but is NOW available at so many price points it’s hard to think of a single décor item that is as widespread—or one that’s more likely to stay popular long into the future.

With or without the stainless steel appliances, if yours is one of the Sussex County homes that will be listing this spring, do give me a call!

Based on information from Sussex County Association of REALTORS®, Inc. which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Sussex County Association of REALTORS®, Inc. may not reflect all real estate activity in the market. Remax is a real estate licensee in the State of Delaware. SCAOR08108